Food for thought

[bangjoe]

Keeping up with the current market is very challenging.  If one has no accumulated capital and if he is suddenly fired from his job, it will be very difficult for him to survive.  No one should sit down for one job and be involved in business along with the job. Because no one can tell when trouble will strike in one's life.  A jobber can also invest a portion of his salary in BTC to help him in times of crisis.

This can be considered a good plan, it doesn't matter if we work for one entity or company and rely on the income generated from that one company, especially with a sufficient salary, of course in my opinion it doesn't matter.

It does need to be considered that being a worker will be very difficult if we are fired from our job, therefore it is true what is said "then investing while still having income is a solution when destined to be in a difficult situation in the future" with this reducing the burden carried to finance life in the future. BTC investment is the best we can do as long as we are making money from our current job.

Sometimes a person's ability is different in doing something but being able to try to minimize the suffering that may occur in the future is a thought that everyone should have.

[AnonBitCoiner]

Single salary is not enough for satisfying your status therefore keep finding another job opportunity or any business which will not only make you profitable but your whole generation will take profit from it. Investment is the basic helper which help us during harsh condition when we have no other source of income and we are unable to do a job.

Remember that we cannot perform same as we are performing during young age so we should make certain preparations for our future when we will be retired and not young to carry out any business. People don't think about future and when they need money then they regret for past therefore it is must that if you have money then set some source of investment that will aid in your income.

[YUriy1991]

I have a question for those working for an entity or government, if you are being sacked today, what will be your faith? Will you still be financially strong, can your other sources of income keeps you going or you will be devastated by the loss of your job.

If it works well and doesn't do anything strange the potential isn't there. This is the same as investing if you end up losing in the middle of the road. Plan B must be there if dismissal comes and happens at any time. I think that even though they are already working in an entity or government, they will always look for additional income options and will not focus everything on one point and that will arise naturally because of the increasing need over time.

[Sebas.tian]

For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

We might not feel the importance of it until we have been lay off from the job.
I have a question for those working for an entity or government, if you are being sacked today, what will be your faith? Will you still be financially strong, can your other sources of income keeps you going or you will be devastated by the loss of your job.

In this current economy, it's suicidal to have only one source of income.
If you must live well you must be ready to grab the bull by his horn am make life changing decisions by having more than one source of income.
Don't put your financial destiny in the hands of your bosses, you might not know the importance of having your own business till you have been sacked. think about it.

Those that depend on one source always experience some challenges when they get sack from their working place, which they keep advising people in this forum not to depend on only one source but have other sources that is bringing income to you either daily, weekly, monthly and yearly in the community. If you are under somebody, all you need to do is to start saving money from that salary you are earning from your Boss, so that you can invest the part of the money on Bitcoin when the price decrease down in the market, and wait for the price to increase to your satisfaction before you can sell to grow your finances in the society. I know that nobody want to remain as a servant forever in any organization, that is why you see people like us looking for way to get this capital to create a good business that will be bringing income for someone to increase his or her Bitcoin investment.

[tygeade]

Living life is not all about the present but you should also live for your future, that is thinking for long term, if you can still keep your job forever or you need some alternatives that will also provide you a source of income. That's why having another source of income like establishing your own business while you are still working would be a great idea, that will give you double benefits in time. The important thing is you start building on it, with courage and determination, you will make a good reward that will create positive changes in your life.

This is not just a sort of plan but we should start adopting mindset like this. Learn to be resourceful as much as we could. In time, we will build financial freedom and live our life at its best.

In this life of course everyone will think about how they can live their life better than today of course they will continue to try to work diligently in order to realize what they have dreamed of and in achieving the goals they want they need to do it consistently so that the targets they have set they determine that they can achieve it, when they have achieved what they want, of course they will be happy with the achievements they get.
Continue to learn and develop the potential that exists within us so that we can get what we have targeted to achieve financial freedom.

There might still be people who are already contented with their financial status. They can find happiness in other things though. It does not mean that they are not diligent anymore. They still do, so that they won't be removed on their minimalist job and experience to have difficulties, until they can have another again. On the other hand, there are those people you defined but at the same time procrastinating, or not working diligently. Well, I can't totally blame them because I know that it wasn't also easy as it look or sound. It is only not fair if they are still being paid correctly by their boss. It's common for those who are working in the government.

[cozytrade]

I am working under a contractor. I have to struggle a lot to meet the needs of my family from the monthly salary I get from here. Now it is very important for me to find different sources of income for my financial stability. Currently, with rising commodity prices, it has become difficult for me to survive on my one source of income. Now I have to choose a site that can be a source of great income in a short period of time. Be it business or investment so that I can establish another source of income and gain financial freedom. In my opinion it is very important for everyone to have different sources of income to cover all the needs of the family.

[YUriy1991]

I am working under a contractor. I have to struggle a lot to meet the needs of my family from the monthly salary I get from here. Now it is very important for me to find different sources of income for my financial stability. Currently, with rising commodity prices, it has become difficult for me to survive on my one source of income. Now I have to choose a site that can be a source of great income in a short period of time. Be it business or investment so that I can establish another source of income and gain financial freedom. In my opinion it is very important for everyone to have different sources of income to cover all the needs of the family.

Right, that's not wrong. If you already work in that field (contractor) I think there is a lot you can do there, especially if the owner of your company already has a lot of experience. For example, you can take over the work in terms of calculating the final mutual check before payment for the project is made, whether the work is obtained from a government or private agency and usually there is a fee for it and the value is quite good for a final report.

[stadus]

Having a stable job does not guarantee that you will never experience financial struggles. No matter how well compensated you are, there  are really times that your funds are very tight and would hardly afford to provide all the basic needs. The reason why having another source of income is a must. Don't worry if the profits is just small, the fact that you only consider it as additional funds or profits, then it's not necessary that it should be big or huge.

But sometimes, the least you expected that your business profits will only serve as reserved funds because you have your main and stable job, you will only be surprised that what you gain from your business is already the one you've been using to provide majority of your family needs. So the profits from your business has already exceeded the one you are getting from your main job.

[eightdots]

First of all, being an employee is not bad, so let's not downgrade employees too much. Do you think that if everyone in the world became an entrepreneur, would your business or company still have a way to make money? I mean, if you don't have manpower or employees, can you do it alone?

Yes, it is true that it is not enough to have only one source of income these days if you are not a rich person. But there are many opportunities that can be added besides being an employee. As long as we have time and can manage it properly. But I don't believe that when you only have one job, it is equivalent to suicidal. In this matter, you are wrong.

It is talked about in many subjects as if starting our own business is a very easy thing to do. However, this is not as easy as it seems and the conditions are not the same in every country.

Let's start a business now. Let's do what we have in mind in reality. Such sentences are a dream in many countries and are very difficult to realize. People want to increase their income and improve themselves in many areas. Despite this, capital is required to start a business and it is very difficult to find or accumulate this capital.

Those who have the opportunity to start a business can try it, but in this case there are many risks and every business can go bankrupt before reaching the profit it dreams of. Those who do not have the opportunity to start a business are trying to find a second income. This is usually part-time work or work done over the internet.

I agree with your comment, it is not enough to have a single source of income unless you are rich and a lot can be done with proper time management.

[Chilwell]

I agree with your comment, it is not enough to have a single source of income unless you are rich and a lot can be done with proper time management.

Having another source doesn't matter how rich the person is, it is very difficult for someone to be rich in only one source because as for me, a person with only one source is not a rich person because any slide mistake he makes will result in nothing and even his competitors can easily set trap for him, apart from this one source income doesn't have longtivity because there are no other sources to support it. Some business owners develop numerous enterprises for a variety of reasons, some of which are to service the primary source of funds in order to reduce borrowing.

[Fortify]

For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

We might not feel the importance of it until we have been lay off from the job.
I have a question for those working for an entity or government, if you are being sacked today, what will be your faith? Will you still be financially strong, can your other sources of income keeps you going or you will be devastated by the loss of your job.

In this current economy, it's suicidal to have only one source of income.
If you must live well you must be ready to grab the bull by his horn am make life changing decisions by having more than one source of income.
Don't put your financial destiny in the hands of your bosses, you might not know the importance of having your own business till you have been sacked. think about it.

Everyone who wants to break free from a boss, whether you are in the public or private sector, should always be seeking to expand their earning abilities and sources of income. However you don't necessarily need to build your own business to achieve this aim. There are little slices of strong and established businesses that you can purchase on the open market every week day - at the stock exchange. If you earn enough in your main job, then you can buy chunks of stocks and build an income from dividend payments or re-invested profits that grow the share price. The main lesson is, it takes money to make money and don't expect to get rich over night - almost everyone who self made it big put in a lot of effort and made sacrifices.

[bocyaj]

Single salary is not enough for satisfying your status therefore keep finding another job opportunity or any business which will not only make you profitable but your whole generation will take profit from it. Investment is the basic helper which help us during harsh condition when we have no other source of income and we are unable to do a job.

Remember that we cannot perform same as we are performing during young age so we should make certain preparations for our future when we will be retired and not young to carry out any business. People don't think about future and when they need money then they regret for past therefore it is must that if you have money then set some source of investment that will aid in your income.

The single salary was not the enough to run the current life,because the government getting more taxes from the people.After the evolution of complete economy based upon the government,the government are independent of introducing the taxes on people.From the soap to food,everything we are paying the hidden taxes.Ths saddest part is many illiterate don’t know about their hidden taxes in the good and services.So the income should be increased by many sources.If the family contain 8 people,atleast 4-5 should get into job to manage their complete expenses.

Having a stable job does not guarantee that you will never experience financial struggles. No matter how well compensated you are, there  are really times that your funds are very tight and would hardly afford to provide all the basic needs. The reason why having another source of income is a must. Don't worry if the profits is just small, the fact that you only consider it as additional funds or profits, then it's not necessary that it should be big or huge.

But sometimes, the least you expected that your business profits will only serve as reserved funds because you have your main and stable job, you will only be surprised that what you gain from your business is already the one you've been using to provide majority of your family needs. So the profits from your business has already exceeded the one you are getting from your main job.

The people looking for the government job only for the secured salary from the government,the work is same for the people who work in private sector or government.The private employees work 4-5 times of government jobs work,but the government job holding people will get their income till their 60 years.

[Oasisman]

Relying on one source of income has become difficult, but many do not have the option to have a side business, such as starting a small business and growing it gradually, either because there is not enough money, or there is no space, or there is no time and experience, or problems in marketing and reaching customers, so it is better to try.

It's not too difficult when you are single, but for a married man with at least 1 child It's gonna be a battle for survival everyday and with just one source of income that means there's no time for a time off.
People will usually rely on finding another part time job than starting up with business from scratch, because business is too risky plus a 9-5 job will not allow enough time to manage a newly opened business and that's a very difficult situation. As far as Im aware of, for the business to become successful it usually requires double or triple of your time and effort when you're still working for someone.

[Rockstarguy]

For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

It might not necessarily be a business because not everyone is good in doing business,  it can be an investment of building apartments for renting which can generate money monthly or yearly,  it can also be investment of going into agriculture or any other investment that is very profitable that one can always look into after retirement.

 People fail to make plans like this when they are at work forgetting that they will not have their forever. Having a business plan for the future  knowing that it is your personal own is just the best. Money earned from salary is fixed amount that will be recieved for a longtime , but profit in business or investment are not fixed and it is very profitable expecially when the business or investment is growing.

[Bd officer]

For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

Based on the country I live in, people who do government jobs don't need to trade any other business besides government jobs. Because in our country government employees are given pension. When they don't have a job they can get through their later life with the pension money. If he wants he can do business with his pension money.

But in private companies there is a risk with jobs, today there is a job, tomorrow there may not be a job. Those who work in private companies should do some small business along with their job. But in our country, if you work in a private company, you don't get time to do business. Investing in Bitcoin can be a good option for those working in private companies. Because if you invest in Bitcoin in DCA method while working in a private company, you can earn a lot of profit in future. Which will be positive for the future.

[AirtelBuzz]

Based on the country I live in, people who do government jobs don't need to trade any other business besides government jobs. Because in our country government employees are given pension. When they don't have a job they can get through their later life with the pension money. If he wants he can do business with his pension money.

But in private companies there is a risk with jobs, today there is a job, tomorrow there may not be a job. Those who work in private companies should do some small business along with their job. But in our country, if you work in a private company, you don't get time to do business. Investing in Bitcoin can be a good option for those working in private companies. Because if you invest in Bitcoin in DCA method while working in a private company, you can earn a lot of profit in future. Which will be positive for the future.

In Bangladesh Government employees don't have to worry about losing their jobs, but those who work in private companies throw them out if they don't perform well.
Like you I am also a citizen of Bangladesh and I have been working in a private company for a long time.But I have been exempted from that which is why I am currently unemployed but I used to purchase some amount of bitcoins when I was employed.I used to buy bitcoins on dollar cost averaging method almost every month not much but five dollar amount I bought bitcoins.I am currently involved with a masonry job where I keep some of the payments I receive at the end of the week to invest in bitcoins.I am trying to hold my invested bitcoins for the long term.

[iv4n]

Problem is that starting a business and maintaining it is far easier said than done op. Furthermore, only some people have proper business related skills while the rest lack them due to which this is a risky proposition.

Instead, I advise investing in low-cap altcoins with great potential and HODL which could lead to a great secondary source of income in the future if they explode.

Without proper skills and investment, it's really hard to start anything. There are too many of us on the planet, so it's kinda impossible for each of us to have a business and make money from it. I guess it's on each of us to try and some will succeed, some will fail, that's life...

When it comes to investing in low-cap alts I like the idea, but like with every other investment it's hard to find the right one, and there's that period of waiting, some people can afford to wait, and others need money today.

I have only one advice, people should try different things while they are young... it's easier to take some risks when we are alone without family to support. When late years come it's hard to find time and energy for additional jobs and taking care of family.

[Davian144]

Right, that's not wrong. If you already work in that field (contractor) I think there is a lot you can do there, especially if the owner of your company already has a lot of experience. For example, you can take over the work in terms of calculating the final mutual check before payment for the project is made, whether the work is obtained from a government or private agency and usually there is a fee for it and the value is quite good for a final report.

Work like a contractor can actually be quite profitable if the company is very good at managing all costs and managing its workers well enough. Because it will not be easy for a contractor to be successful if the company does not have good planning when the project is carried out, and of course this must be thought about beforehand. Although there is a plus point in calculating the final check, it can be done by the contractor if the work is completed on time and there are no obstacles.

[KiaKia]

Someone have to work under someone, it's just the way the world works, if you all become bosses I wonder who will work under you, it's not bad to be employee, it's call balancing, and its also not bad to work your way up and plan something better for yourself.

Even if you end up with your own business you will start hiring, isn't it? Everything is a gradual process, gain some knowledge and work your way up, give others the same opportunity too, I have served under few bosses before and today I am no longer working under anyone.

Some people don't have plans for themselves and such people are the highest in numbers, they just want to live on monthly paycheck and there is nothing you can do to make them think ahead into the future, also it's easier to call these people names but let's not forget that even those who have strong plans don't always live to see the whole plan unfolds, when we make plans it's left on heavens to accept them with a YES.

[icalical]

For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

With current economic situation, inflation and all things getting more expensive, side hustling is a must, even when without the possibility of being laid off by our company, and more reasons to do so when there is that risk. The inflation growing more rapidly compared to our salary growth, without side hustling we actually earn less.

Tho some argue that some people doesn't have the time for side hustle but we must spare the time, we couldn't only rely on government to fix this problem, need to find our own solution while blaming the government for their incompetence.